Home/No Topic/Credico: The (Not So) Little Pyramid Scheme That Could

Credico: The (Not So) Little Pyramid Scheme That Could

No Topic3 months ago By Ekay14

  • TL;DR - Telecom Giants (Verizon, AT&T, Comcast, etc.) have a pretty firm oligarchic hold on the telecom industry, but need to maintain a consumer base through challenging innovations like Netflix, Google Fiber, etc. and general customer dissatisfaction. So they use a network of outsourced sales firms, under Credico, which basically employs an army of young, job-desperate, salesmen/salewoman who spend 60+ hours a week making door to door sales to certain targeted areas. The idea is that if you knock on enough doors, someone's gunna buy. The salesman/saleswoman are driven by the erroneous promise of vertical mobility (which I fell for), but few can ever achieve the ridiculous requirements of promotion and their commission based salaries often leave employees below the poverty line. Quick Evidence: Worker Abuses: PerDM changes name to Credico: Here we go: I was a bum of a student my first two years of college: chose a bs major, did little to no work and played Xbox all day. But, by junior year, I came to the realization that I would eventually have to become a functioning adult by graduation and I did a 180. Studied a lot, planned ahead, most importantly I was like...

  • Applications and interviews fall flat, panic and anxiety are mounting. Finally, in June, I got a call from a firm, claiming it was a small start up focusing in customer acquisition/marketing. They called me in for an interview and they seemed so eager, the environment was young and informal and the CEO's office seemed so posh. I was impressed. A second interview followed, they seemed so impressed with our talk and claimed they were rapidly expanding and needed to track me for management of a spin off branch..

  • He showed me this... (sorry I crumpled it, but Account Executive estimate is 2-4 weeks, $500-800/week. Corporate Trainer is $800-1000/week)

  • I was so happy, relieved, etc. considering my previous worries, I was like...

  • At the same time I'm sure the CEO of the firm was like...

  • I woke up the next day, my emotions had cleared and logic started to shine through and I was like...

  • I came in the next Monday and the reality of my job became very clear...

  • I'm usually a pretty reserved person, but I was irate. I did not fully comprehend the system at the time, but it was clear I was being used as a walking Verizon advertisement that literally knocks on your door, I would never be anything more to them, much less a manager. I didn't sleep that night, I just studied the New Jersey Wage and Hour Laws and eventually came to the conclusion that, as a W-2 employee, I had to be paid minimum wage and overtime for my hours, regardless of my sales performance. I walked in the next day determined...

  • Except I didn't bring a gun (of course) but excerpts from the wage and hour laws which ensures minimum wage, overtime, gas compensation, etc. to W-2 workers. After demanding insurances that the firm would obey all wage and hour regulations, the CEOs (there are usually multiple firms working out of one Credico office) had a meeting. In the meantime, I handed out the excerpts to my fellow employees. The CEOs came out and took them before they could be read and I was told to take the day off.

  • I came in the next day with equal amounts of passion. The CEO of my particular firm lost his temper and threw out his business demeanor. I was told I was lazy (which is true but irrelevant), stupid (also maybe true), disrespectful (I'm working on it), wasting a brilliant opportunity and unaware of how any sort business operates. I lashed back saying we should contact the New Jersey: Wage and Hour Department, finally he threatened a couple of law suits and I was escorted out of the office. I will concede to my former employer that I am relatively naive to any sort of business operations and do not understand the intricacies of labor laws, but the point is you don't have to be a genius to see the obvious. Unfortunately many of Credico's employee's (usually young) logic is blinded by idealistic fantasies of self-ownership and wealth and they are blindly exploited. Credico has 400+ offices in 19 countries, in 2015 it was responsible for 65% of customer acquisitions for Verizon alone (The article claims "A Leading Telecom Brand", but the CEO of my firm told me it was Verizon in his attempt to prove his legitimacy): Unfortunately, each firm in the Credico Network goes by a name of no resemblance to Credico (usually its something prestigious sounding, like JP Levi, BroadSpectrum Marketing, Limitless Acquisitions, etc.), which allows for a layer of legal and media separation. Credico, itself, has a tendency to change its name when things go sour. They used to be PerDM before this: Still, the lack of news on such a controversial and large company made me go like...

  • But that's just speculation, I have no evidence for that. Regardless, there is a serious lack of public awareness of Credico. It puts 1000's of young, hardworking Americans into a cycle of poverty, perpetually chasing this dream of ownership, a dream, which when achieved, only leaves you legally responsible for your firm's misdeeds. All this for the security of the American telecom oligarchy, who are like...

  • Please be careful looking for a job out there, such schemes are deceptive and destructive to many lives. This WordPress page includes a list of supposed firms within the Credico Network (keeping in mind that each firm bares no brand resemblance to keep a low profile): Thanks for Reading and your thoughtful responses!


  • T

    I read this whole article and what impresses me the most is how self aware and humble you are, you are a brilliant human being.

  • I

    Couldnt see. What's your major?

  • B
    BadDecisionDinosaur-3 months ago

    I worked one of those jobs for the better part of a year. 12-14 hour days for shit $ with the promise of big things "soon". Crooked places.

  • H
    Hiiamtroymcclure-3 months ago

    Class.Action.Lawsuit. Repeat after me please.

  • M
    MissChanandelerBong-3 months ago

    Lesson I learned from a similar experience: if the "interview" is the company selling you on the position, it's not a job you'd want

  • c
    cwagrant-3 months ago

    "blinded by idealistic fantasies of self-ownership and wealth and they are blindly exploited" That's 21st century America in a nutshell.

  • C
    ChiefCuddles-3 months ago

    Almost fell for the same scam accept with AT&T, only realized when they actually showed me a picture of a pyramid! Close call

  • J

    "Work hard, party harder", "upward mobility", "ground level", "aggressive pay structure"

  • i

    If you were fired because you confronted your boss about violations of the law, you should report it to the proper authorities.

  • g

    Good for you dude. Genuinely. I rarely feel like psa's are appropriate, but the worker exploitation in this country is absolutely disgusting

  • b
    busted88-3 months ago

    Almost 20 years in sales, this was a chop shop so be glad you're gone. That said, you don't sound cut out for sales. Few are no disrespect

  • c
    catatafish0-3 months ago

    Nice job standing up for yourself and also incorporating a solid amount of memes into your story.

  • c
    codykb1-3 months ago

    My gf worked for Cydcor, which does the same type of business. Glad you got out at 3 days OP, instead of getting brainwashed staying

  • s
    shadysocks-3 months ago

    You should go back to school and major in law of some type.

  • f
    fantanaranja-3 months ago

    I was recently hired by such a marketing company in south Florida. Not as smart as @op. Took me 2 weeks to realize, I have a family (1)